On January 1, 2016, Parke Company accepted a $36,000, non-interest-bearing, 3 year note from a major customer in exchange for used equipment. The equipment had originally cost Parke $200,000 and had a book value of $20,000 on the date of eh sale. At the 12% imputed interest rate for this type of loan, the present value of the note is $25,500 at January 1, 2016. Parke uses the effective interest rate what is the carrying value of the note receivable on Parke's December 31, 2016 balance sheet?

a $28,560

b $29,000

c $32,500

d $36,000